Alexander Marino is quoted in an article titled “‘Scary’: Why US expats are tossing their citizenships – and it’s not just Trump” in The Sydney Morning Herald, November 1, 2024
Kenneth Keung is quoted in the Investment Executive article titled “Quirk in capital gains tax rules raises risks for incorporated clients,” published on July 24, 2024.
Kenneth Keung is quoted in the Investment Executive article titled “How should trusts flow out capital gains to beneficiaries in 2024?”, July 5, 2024.
Kim G C Moody, Kenneth Keung, and Christopher Ellett are quoted in the Investment Executive article titled “When is the latest clients can sell assets prior to June 25?”, published on May 17, 2024.
Alexander Marino recently appeared on the Global Investment Voice Podcast to discuss the benefits of renouncing US citizenship on March 14, 2024.
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Fair market value transfers of property to trusts – The Federal Court of Appeal decision of Sommerer
Canadian tax practitioners often recommend the use of inter vivos trusts in tax and estate planning for private clients. Trusts, if planned and executed correctly, offer confidentiality protection, probate avoidance, income / capital gains splitting and potential tax deferral. Trusts are not for everyone. They require careful execution and administration but in the right circumstances trusts can offer flexibility for the private client in planning their affairs.
Don’t let the tax tail wag the dog
At Moodys, our bench strengths are Canadian, US, and cross-border tax advisory services. We are a unique multi-disciplinary firm that employs both accountants and lawyers to arrive at optimal solutions for our clients. However, what does “optimal solutions” mean? Good question.
Tax resiliency
I was catching up on my reading over the weekend and I came across a short essay published by the Harvard Business Review. Two paragraphs of the article struck a chord. They read as follows:
Canada Revenue Agency (“CRA”) trust audits: An update
Our firm’s June 21, 2010 blog (yes, that’s over two years ago), discussed the CRA’s domestic trust audit project. Our February 9, 2011 blog discussed the CRA’s high net worth audit initiative (or what the CRA calls the “Related Party Initiative” or “RPI” for short). These are two very high profile audit initiatives undertaken by the CRA. What is the status of these projects? Good question.
Employees profit-sharing plans: A technical review and update
In 2004, I provided a technical review of employees profit sharing plans (“EPSPs”) as part of a paper that I wrote for the Canadian Tax Foundation. The 2012 Federal Budget significantly changed the game. Accordingly, I thought it might be time to update my 2004 analysis.
Small-firm practitioners: How can they cope with the fast pace of change?
One of the largest sources of work for our firm is from accounting and law firms who need specialized domestic and cross-border tax advice. Such practitioners are great friends of our firm.
As the world becomes more complex, small-firm accountants and lawyers can have a very difficult time keeping up with the pace of change that occurs around them.
Alexander Marino is quoted in an article titled “‘Scary’: Why US expats are tossing their citizenships – and it’s not just Trump” in The Sydney Morning Herald, November 1, 2024
Kenneth Keung is quoted in the Investment Executive article titled “Quirk in capital gains tax rules raises risks for incorporated clients,” published on July 24, 2024.
Kenneth Keung is quoted in the Investment Executive article titled “How should trusts flow out capital gains to beneficiaries in 2024?”, July 5, 2024.
Kim G C Moody, Kenneth Keung, and Christopher Ellett are quoted in the Investment Executive article titled “When is the latest clients can sell assets prior to June 25?”, published on May 17, 2024.
Alexander Marino recently appeared on the Global Investment Voice Podcast to discuss the benefits of renouncing US citizenship on March 14, 2024.
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